Here's a real world example. I logged into my Kroger account. I went to my absolute oldest order I could access, May 31, 2022—about a year & a half ago. I hit "add all to cart." The new price for 35 items is $37.46, or 23%, more. From $161 to $199 in less than 2 years. Thanks,… pic.twitter.com/hvsQUjtlk5
— Gizli Biraz (@GizliDoesIt) November 28, 2023
via Bloomberg:
After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as the pace of price increases has slowed.
It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.
It’s hard to find an area of a household budget that’s been spared: Groceries are up 25% since January 2020. Same with electricity. Used-car prices have climbed 35%, auto insurance 33% and rents roughly 20%.
Those figures help explain why Americans continue to register strong dissatisfaction with the economy: Consumers’ daily routines have largely returned to their pre-pandemic normal, but the cost of living has not.
Can anyone in the Biden administration show me on this chart where inflation is coming down? pic.twitter.com/5MIGIqi8Gc
— Banana Republic Justice Swan 🍌 (@TheWuhanClan) November 28, 2023
This girl gets $100 worth of groceries and it's literally 9 items 🚨🚨🚨
🔊 … "How am I supposed to afford everything?"
"Just worked for four or five hours today and it's all gone"
"Why is everything so expensive?" pic.twitter.com/6x4eS7HB9P
— Wall Street Silver (@WallStreetSilv) November 28, 2023